ECOMMERCE

Saks Inc. names new e-commerce head

BY Marianne Wilson

New York — Saks Inc. announced hat Michael Burgess has been named president, Saks Direct, effective May 7. Burgess will report to Denise Incandela, executive VP and CMO for Saks Fifth Avenue and current President, Saks Direct.

Burgess has served as executive VP of the consumer division of FTD at United Online since 2008 where he led merchandising, marketing, consumer information technology, and several other functions of the growing FTD North America business segment.

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S.Anderson says:
Feb-19-2013 11:49 am

informative post
Michael burgess has been a role model for every youngster for quite a long time. His views on life and how to tackle sticky situations are the most fascinating thing about him. Now that he is elected as the president of Saks Inc the organization is going to have a blooming year ahead.click here for more info

S.Anderson says:
Feb-19-2013 11:49 am

Michael burgess has been a role model for every youngster for quite a long time. His views on life and how to tackle sticky situations are the most fascinating thing about him. Now that he is elected as the president of Saks Inc the organization is going to have a blooming year ahead.click here for more info

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S.Jhon says:
Nov-12-2012 04:50 pm

Reviews
E Commerce Is An Big Online Business Industry Which Now Becomes A Regular Source Of Income And As Well As The Supporting Factor Of Economy Of A Country.We Are Professionals For Supporting E Commerce Industry By Multiple Shopping Carts And Shopping Cart Software Which Based On Creating Online Stores.

S.Jhon says:
Nov-12-2012 04:50 pm

E Commerce Is An Big Online Business Industry Which Now Becomes A Regular Source Of Income And As Well As The Supporting Factor Of Economy Of A Country.We Are Professionals For Supporting E Commerce Industry By Multiple Shopping Carts And Shopping Cart Software Which Based On Creating Online Stores.

J.Hassan says:
Jun-16-2012 10:44 pm

Burgress has the track record
Burgress has the track record and his performance shows that he did something good. Anyway, Saks won's hire somebody that won't be an asset to the company. - The Balancing Act Lifetime

J.Hassan says:
Jun-16-2012 10:44 pm

Burgress has the track record and his performance shows that he did something good. Anyway, Saks won's hire somebody that won't be an asset to the company. - The Balancing Act Lifetime

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REAL ESTATE

Eastern Mountain Sports announces three new locations

BY Staff Writer

Peterborough, N.H. — Eastern Mountain Sports announced plans to open three stores during the next three months.

The company is moving an existing location at the Plaza at Buckland Hills in Manchester, Conn., approximately 12 storefronts down into a new, 18,831-sq.-ft. site. It also is opening a 20,442-sq.-ft. store in South Portland, Maine, and a 13,013-sq.-ft, location in North Brunswick, N.J.

“These three new stores are part of our ongoing strategy to expand our presence in the Northeast to better serve outdoor athletes from novice to expert,” said Eastern Mountain Sports CEO Will Manzer.

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FINANCE

Walgreens’ March sales down

BY Michael Johnson

Deerfield, Ill. — Walgreens posted March sales of $6 billion, a decrease of 4.3%, compared with the same month in fiscal year 2011.

“We continued to see growth in our front-end business, and with Easter falling on April 8 this year, we anticipate that much of our Easter sales will be reflected in our April results,” Walgreens EVP and CFO Wade Miquelon said. “In addition, our new advertising circular strategy has helped drive profitable sales.” Walgreens launched its new weekly ad circular, with additional online savings, in mid-February.

Prescriptions filled at comparable stores decreased 11.4% in March. The negative impact on comparable store prescriptions filled due to no longer being part of the Express Scripts pharmacy network was 10.7 percentage points. Calendar day shifts in March, which had one additional Friday and Saturday, and one fewer Tuesday and Wednesday, compared with March 2011, negatively impacted prescriptions filled in comparable stores by 2.1 percentage points. And lower incidence of flu negatively impacted comparable store prescriptions filled by 0.7 percentage points.

March pharmacy sales decreased 8.4%, while comparable-store pharmacy sales decreased 11.1%.

Total front-end sales were down 2.5%, compared with the year-ago period, though comparable store front-end sales were up 1.2%. Customer traffic in comparable stores decreased 1%, while basket size increased 2.2%. Sales in comparable stores decreased by 6.8%. The effect of calendar day shifts negatively impacted total comparable sales by 1.3 percentage points.

Calendar year-to-date sales were $17.7 billion, a decrease of 1.8% from $18 billion in 2011. Fiscal 2012 year-to-date sales for the first seven months were $42.8 billion, up 1.6% from $42.1 billion in fiscal 2011.

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